$100,000 Is A Magnet For Bitcoin, Grayscale CEO Barry Silbert Asserts.

17 Aug 2021, 08:00
$100,000 Is A Magnet For Bitcoin, Grayscale CEO Barry Silbert Asserts In 2019, Grayscale CEO Barry Silbert asserted that $20,000 was a magnet for the bitcoin (BTC) price. Now, Silbert says the $100K level is a magnet for the number one cryptocurrency by market value. $100K Incoming?Bitcoin has been on a rollercoaster ride this week. The crypto’s recent attempt to surmount the $48,000 resistance ended in a sharp rejection. At the time of writing, BTC is trading at just under $46K. Yet, Silbert the founder and CEO of Digital Currency Group, the parent company of digital investment vehicle firm Grayscale is optimistic about the future of bitcoin. In an August 15 tweet, Silbert stated that “$100k is a magnet” for the bellwether cryptocurrency. He referenced his June 2019 tweet when he had posited the same thing about the $20K mark for BTC.